Director/PDMR Shareholding

RNS Number : 1050X

Legal & General Group Plc

21 April 2023

 

Legal & general group plc

Notification of Transactions of Directors, Persons Discharging Managerial Responsibilities ("PDMRs") and persons closely associated with them

The following notification made under article 19 of the UK Market Abuse Regulation ("UK MAR") relates to the exercise of awards granted on 16 April 2018 under the terms of the Legal & General Group Performance Share Plan 2014 (PSP).

The performance conditions attached to the options granted under the PSP in 2018 provide that the award vests, subject to satisfaction of the performance conditions, after the announcement of the results for 2020. The number of options that vested were then subject to a two year holding period that ended on 16 April 2023 when the options became exercisable.  The options must be exercised by the seventh anniversary of the date of the grant.

Name	Director/ PDMR	Number of shares awarded on 16 April 2018	Number of shares exercised on 20 April 2023	Shares sold to cover tax and social security	Shares retained by individual
Kerrigan Procter	PDMR	125,491	125,491	58,981	66,510

1	Details of the person discharging managerial responsibilities/person closely associated
a)	Name	Kerrigan Procter
2	Reason for the notification
a)	Position/status	President of Asia-Pacific/PDMR
b)	Initial notification/Amendment	Initial Notification
3	Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor
a)	Name	Legal & General Group Plc
b)	LEI	213800JH9QQWHLO99821
4	Details of the transaction(s): section to be repeated for (i) each type of instrument; (ii) each type of transaction; (iii) each date; and (iv) each place where transactions have been conducted
a)	Description of the financial instrument, type of instrument Identification code	Ordinary shares of £0.025 each, with voting rights attached GB0005603997
b)	Nature of transaction	1.  Exercise of PSP 2018 award of nil cost options over 125,491 shares. 2.  Sale of 58,981 shares to cover tax and dealing costs (66,510 shares retained).
c)	Price(s) and volume(s)	Price(s)	Volume
		1.  Nil cost	1.  125,491
		2.  £2.538	2.  58,981
d)	Aggregated information -  Aggregated volume -  Price	1.  Price	1.  Volume	1.  Total
		1.  £0.00	1.  125,491	1.  £0.00
		2.  Price	2.  Volume	2.  Total
		2.  £2.538	2.  58,981	2.  £149,693.78
e)	Date of the transaction	20 April 2023
f)	Place of the transaction	London Stock Exchange, XLON

21 April 2023

Leanne Cornish

Head of Group Secretariat

Legal & General Group Plc

Tel: [phone]

 

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